Company
TFI International
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TFI agrees to buy Gorski, raises guidance
MONTREAL, Que. – TFI International raised its 2018 EBITDA guidance yesterday, due to a strong trucking environment. “The general freight environment is strong throughout North America, and all of our segments are benefiting,” Alain Bedard, chairman, president and CEO said…
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TFI International posts strong Q3 results
MONTREAL, Que. – TFI International capitalized on a strong trucking environment in the third quarter, posting its second straight quarter of record operating results. Operating income was up 107% year-over-year, at $125.1 million. The company brought in $1.29 billion in…
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TFI International improves margins, profit
MONTREAL, Que. – A strong trucking market allowed TFI International to boost its margins and profits in the second quarter. The company reported Q2 net income of $80.4 million on revenue of $1.32 billion, an increase of 4%. “Our consistent…
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TFI focused on improving quality of revenue
MONTREAL, Que. – TFI International doubled the profit margins of its truckload business in the first quarter, and saw earnings improve across all four of its operating segments. “Over the past year, Canadian truckload operations have remained strong, and most…
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TFI boosts profit, creates last mile segment
MONTREAL, Que. – TFI International reported stronger earnings during the first quarter, thanks to improved truckload operations. Total revenue of $1.2 billion was flat compared to Q1 2017, but the company said this was due to currency exchange rates and…
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TFI buys Normandin Transit
MONTREAL, Que. – TFI International has agreed to purchase Normandin Transit. The company says the move bolsters its cross-border LTL and truckload services. Based in Napierville, Que., Normandin has grown rapidly since its founding in 1988. It has focused on…
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U.S. turnaround underway: TFI’s Bedard
TFI International expects improvements in U.S. truckload, P&C segments
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Acquisitions drive TFI’s Q4 revenue growth
MONTREAL, Que. – TFI International grew its Q4 net income and revenue from continuing operations, during a quarter of transition. The company reported Q4 revenue of $1.06 billion, up 2% year-over-year, and net income from continuing operations of $120.2 million.…
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Rumble to retire from TFI
MONTREAL, Que. – Gregory Rumble will be retiring as executive vice-president and chief financial officer of TFI International in April 2019, the company announced. He served in those roles for TFI (then TransForce) since 2015, and was president of Contrans…
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TFI International weathering difficult U.S. truckload market
MONTREAL, Que. – TFI International posted a adjusted net income of $48.8 million in the third quarter, on $1.05 billion in revenues. Revenue was up 17% and TFI gained $70.1 million in the sale of real estate. “We constantly strive…
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TFI International sells part of real estate portfolio
MONTREAL, Que. – TFI International has agreed to sell four of its properties to Pure Industrial Real Estate Trust. The properties – two each in Montreal and Toronto – are worth $135.7 million, the company announced. They represent less than…
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TFI International earnings weighed by sluggish US truckload market
MONTREAL, Que. – TFI International saw earnings weighed down by continuing difficulties in the overall US truckload market as well as integration costs related to its CFI acquisition. The company reported Q1 revenue of $1.06 billion, a 22% increase excluding…
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TFI International acquires Cavalier Transportation
MONTREAL, Que. – TFI International announced today (Jan. 30) that one of its wholly-owned subsidiaries has acquired Cavalier Transportation Services. “The acquisition of Cavalier will add density to our LTL network and bring value-added services, such as brokerage and warehousing,”…
